Marvin Ryder sheds light on Bank of Canada announcement

Marvin Ryder of the Degroote School of Business joins us to talk about the Bank of Canada’s announcement regarding interest rates.

The bank has decided to keep its trend-setting interest rate at 1%.

This is the first policy announcement since Stephen Poloz took over as central bank governor. Poloz made it clear in a report, released Wednesday morning, that right now what the Canadian economy needs is “stability and patience.”